Packaged foods company Post (NYSE:POST) will be reporting results tomorrow after market close. Here's what to expect.
Post beat analysts' revenue expectations by 2.4% last quarter, reporting revenues of $1.97 billion, up 25.5% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts' earnings estimates.
Is Post a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Post's revenue to grow 25.3% year on year to $2.03 billion, improving from the 14.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.29 per share.
![Post Total Revenue](https://news-assets.stockstory.org/chart-images/Post-Total-Revenue_2024-05-01-070742_dauw.png)
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Post has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 3.7% on average.
Looking at Post's peers in the shelf-stable food segment, some have already reported their Q1 results, giving us a hint as to what we can expect. McCormick delivered year-on-year revenue growth of 2.4%, beating analysts' expectations by 3.3%, and Simply Good Foods reported revenues up 5.3%, falling short of estimates by 1.3%. McCormick traded up 8.8% following the results while Simply Good Foods was down 1.2%.
Read our full analysis of McCormick's results here and Simply Good Foods's results here.
Inflation fears have put pressure on growth stocks, and while some of the shelf-stable food stocks have fared somewhat better, they have not been spared, with share prices down 3.6% on average over the last month. Post is up 1.4% during the same time and is heading into earnings with an average analyst price target of $115.3 (compared to the current share price of $106.15).
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